Newbridge Financial Services Group Inc. Has $71,000 Stake in Portillo’s Inc. (NASDAQ:PTLO)

Newbridge Financial Services Group Inc. trimmed its holdings in shares of Portillo’s Inc. (NASDAQ:PTLO) by 14.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,600 shares of the company’s stock after selling 1,250 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Portillo’s were worth $71,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Stoneridge Investment Partners LLC raised its position in shares of Portillo’s by 23.5% during the 4th quarter. Stoneridge Investment Partners LLC now owns 12,605 shares of the company’s stock valued at $118,000 after acquiring an additional 2,396 shares during the last quarter. CenterStar Asset Management LLC grew its stake in shares of Portillo’s by 348.4% during the fourth quarter. CenterStar Asset Management LLC now owns 60,529 shares of the company’s stock worth $568,000 after purchasing an additional 47,029 shares during the period. First Dallas Securities Inc. increased its holdings in Portillo’s by 94.4% in the fourth quarter. First Dallas Securities Inc. now owns 43,250 shares of the company’s stock valued at $407,000 after purchasing an additional 21,000 shares during the last quarter. Hodges Capital Management Inc. lifted its stake in Portillo’s by 80.5% in the fourth quarter. Hodges Capital Management Inc. now owns 1,652,937 shares of the company’s stock valued at $15,537,000 after buying an additional 737,049 shares during the period. Finally, Chicago Partners Investment Group LLC bought a new position in Portillo’s during the fourth quarter worth about $2,590,000. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on PTLO shares. Stifel Nicolaus raised Portillo’s from a “hold” rating to a “buy” rating and upped their price target for the company from $13.00 to $16.00 in a research note on Monday, January 27th. Stephens reaffirmed an “equal weight” rating and issued a $13.00 target price on shares of Portillo’s in a research note on Wednesday, November 6th. UBS Group reduced their price target on shares of Portillo’s from $14.00 to $11.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Finally, Morgan Stanley decreased their price target on shares of Portillo’s from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $14.00.

Portillo’s Stock Performance

Shares of PTLO opened at $15.15 on Tuesday. The firm’s 50 day moving average price is $10.94 and its two-hundred day moving average price is $11.64. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.31 and a current ratio of 0.38. Portillo’s Inc. has a twelve month low of $8.38 and a twelve month high of $16.17. The firm has a market cap of $1.12 billion, a P/E ratio of 36.07, a PEG ratio of 15.06 and a beta of 1.82.

Portillo’s Company Profile

Portillo’s Inc owns and operates fast casual restaurants in the United States. The company offers Chicago-style hot dogs and sausages, Italian beef sandwiches, char-grilled burgers, chopped salads, crinkle-cut French fries, homemade chocolate cakes, and chocolate cake shake. It offers its products through its website, application, and certain third-party platforms.